The myths of sudden wealth we see in the market are actually planting a seed of getting rich in the hearts of retail investors, leading them to leverage heavily and ultimately lose everything and become cannon fodder. By the time you understand the code to wealth, it has already taken off at the very top.

On Wednesday, the U.S. Treasury Secretary urged the Federal Reserve to consider a 50 basis point rate cut in September. Subsequently, Bitcoin broke through its historical high, only to drop sharply right after, resulting in a false breakout with significant volume. The contract market again witnessed billion-level liquidations, with 80% of the main positions being long. The main reason for the decline was the U.S. July PPI annual rate of 3.3%, significantly exceeding the market expectation of 2.5%, reaching a high since February. It was also reported that the U.S. strategic reserves will not purchase Bitcoin, leading to a concentration of short-term negative factors that interrupted the overall upward momentum.

The market trend over the past month is basically consistent with Sister Bei's top pinned review post prediction; you can check it for verification, so I won't take screenshots one by one. However, the main upward wave of the bull market often ends abruptly, and each time, it is the altcoins that get hurt. The ups and downs follow the decline rather than the rise, and those holding altcoins, like Sister Bei, also have their silent struggles. After the big drop a few days ago, market sentiment improved over the weekend, and today we saw some small altcoins in the team coin sector being pumped. The quick entry of speculative funds indicates a desire to continue leveraging this two to three-month time window for pumping and selling.